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Dan borrowed $1460.00 today and is to repay the loan in two equal payments. The first payment is in two months, and the second payment

Dan borrowed $1460.00 today and is to repay the loan in two equal payments. The first payment is in two months, and the second payment is in seven months. If interest is 3% per annum on theloan, what is the size of the equalpayments? Use today as the focal date.

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